![]() This provides us with additional flexibility to invest in growth while maintaining above market profitability." Stefan Gaiser, CFO of TeamViewer, said: "Based on our very strong and resilient financial performance we have deleveraged the business even faster than initially expected. The enterprise segment will be further strengthened by our acquisition of Ubimax, the leader in Wearable Computing and Augmented Reality solutions for the frontline workforce." With our strategic growth initiatives, we are well positioned to benefit from underlying market trends such as remote work and the digitalization of industries around the globe. Oliver Steil, CEO of TeamViewer, said: "TeamViewer continues to grow strongly combined with a very high profitability. Adjusted EBITDA in the first six months grew by 78% to EUR 131.1m compared to EUR 73.5m in H1 2019. Adjusted EBITDA grew by 60% yoy to EUR 57.3m (Q2 2019: EUR 35.8m) leading to an Adjusted EBITDA margin of 54% (Q2 2019: 49%). This results in first half billings of EUR 225.7m, up 59% compared to H1 2019 (EUR 141.6m). ![]() Following a record first quarter which was driven by exceptionally high demand for immediate remote access and working from home solutions due to the COVID-19 pandemic, Q2 billings grew by 45% year-over-year (yoy) to EUR 105.9m (Q2 2019: EUR 73.1m). Goppingen, 4 August 2020: TeamViewer today reported a very strong second quarter driven by sustained demand for its connectivity solutions, despite the challenging global economic conditions. Full-year guidance confirmed, excluding impact of Ubimax transaction.Ubimax acquisition announced, significant increase of Total Addressable Market.Deleveraging ahead of plan with net leverage reduced to 1.9x Adjusted EBITDA.Number of subscribers grown to more than 534,000.Q2 Adjusted EBITDA of EUR 57.3m (+60% yoy) and H1 Adjusted EBITDA of EUR 131.1m (+78% yoy).Q2 billings up 45% yoy to EUR 105.9m and H1 billings of EUR 225.7m (+59% yoy).TeamViewer with very strong second quarter growth and high profitability
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